Happy November! 🦃 What will you be thankful for and what’s on your wishlist this season?

Take a look at this summary of the Fairfield and Westport CT single-family markets this October compared to a year ago and the opportunities ahead. Spoiler alert: The broad theme is “UP“!

Key Takeaways from October 2025 🧐

In Fairfield sales were up. Inventory, the months of supply and market time were up. The median sale price and price per square foot were up too. Ninety-five percent of the homes sold for at least 95% of asking with an average sale price of 102% of asking.

Westport

Likewise, in Westport sales were up. Inventory, the months of supply, and market time were up. The median sale price also jumped up a whopping 87% from last October due to a number of very high-priced sales. However, just 72% of homes sold for 95% or more of the asking price with an average sale price of 100% of list.

The markets in Fairfield and Westport were dynamic with stronger buyer and seller activity than a year ago. Many sellers still enjoyed top sale prices, while many buyers were able to negotiate prices below the list price.

The Opportunities… 🥳

Rates are down with the 30-year fixed conforming mortgage rate down to 6.125% and the jumbo rate at 5.750% at the time this was written. William Raveis Mortgage also offers adjustable rate mortgages (ARMs) with rates in the 5s. This means affordability is up for those considering a mortgage!

Sellers entering the market now have a continued competitive advantage due to appreciation and relatively low inventory. If you are also looking to buy but worry about finding your new home, you have options. You can list your home “subject to finding suitable housing”, sell and rent back until you’re ready to move, negotiate a long closing, or buy first with a bridge loan. Talk to your agent about a strategy that works best for you. Listing your house now will enable you to be a competitive buyer while providing more choices for everyone shopping for a new home!

Buyers, despite some continued multiple offer situations, your options and negotiating power are UP now with increased inventory and longer market times. If you see something you like, be prepared to submit a complete and competitive offer including your pre-approval or proof of funds. Now’s the time to make your offer, as sellers are likely motivated to close before the holidays. You may have some great leverage for a win-win deal!

Reach out to your agent if you wish to be grateful for a new home this season! 🍂 🏡

More Action Items

• Sign up for updates: new listings, price changes, local market insights, and mortgage rates.
• See last month’s market report.
• Keep track of your home’s value in our ever-changing environment.
• Share 10 Reasons to Come to Fairfield with a friend!
• Request to receive the Q3 Quarterly Beach Bulletin 🌊 in your mailbox below.

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